Funding Wrap of The Week | Asian Startups Funding Roundup | 07 June – 12 June

Rylo

Israeli startup Rylo has raised US$85 million in a new funding round. After this investment, the company is now valued at around $500 million

Silicon Box

Silicon Box, a startup that works in advanced semiconductor packaging and chiplet integration, has raised S$100 million(US$77.53 million) in debt funding from major institutional investors. These include funds managed by Ares Management Corporation, InnoVen Capital, January Capital Growth Credit, and Abound Capital. The financing also has an option to increase by an additional US$75 million.

PointFive

PointFive, a company that helps businesses manage AI and cloud costs, has raised US$60 million in a Series B funding round led by Accel. Other investors in the round include Salesforce Ventures, Entrée Capital, Perpetual Growth, Vesey Ventures, Sheva Ventures, and Index Ventures.

Blnk

Egyptian fintech startup Blnk has raised a total of US$37.1 million in funding. This includes US$12.5 million in Series A equity funding and US$24.6 million in debt financing to help grow its point-of-sale lending business.

Pi

Israeli-American cybersecurity startup Pi has raised US$25 million in a Series A funding round led by Third Point Ventures.

Algebra

Algebra AI has officially launched after working in stealth mode. The company already has clients in industries like financial services, food and beverage, distribution, and manufacturing. It has also raised US$7 million in funding from investors including Infinity Constellation, BECO Capital, Silicon Badia, and Waseel Investments.

GreatAsic Technology

Malaysia-based GreatAsic Technology, a company that designs specialized computer chips for advanced technologies, has raised US$6.9 million in a pre-Series A funding round.

The Wedding Company

Wedding planning startup The Wedding Company has raised US$2.75 million (around Rs 25 crore) in a seed funding round led by Wellingdon Advisors LLP.

HyperNorm AI

HyperNorm AI, an AI-powered wealth management startup, has raised US$2.2 million in a seed funding round.

Zuvees

Zuvees, an AI-based global gifting platform, has raised US$1.6 million from IvyCap Ventures as part of its ongoing Series A funding round.

Name the top 10 Asian Startups Funding Roundups for this week?

Rylo, Silicon Box, PointFive, Blnk, Pi, Algebra, GreatAsic Technology, The Wedding Company, HyperNorm AI, Zuvees are the top 10 Asian Startups Funding Roundups for this week.